Leadership & Management

Surgical Services Financial Management Intensive Certificate Program #2016 (6.00 CH)

2016 - Surgical Services Financial Management Intensive Certificate Program #2016 (6.00 CH)

Speaker(s)

• 

  Pamela Hunt, MSN, RN, NEA-BC

  Adjunct Faculty
  Indiana University
  Noblesville, Indiana

Nurse leaders control the largest part of a hospital labor budget, and in some cases the largest part of the overall budget. Overseeing this responsibility can mean the difference between an organization’s financial stability and turmoil. This full-day program will provide nurse leaders education on key financial concepts necessary for effectively managing the financial performance of perioperative services. Content of the program includes an in-depth analysis of staffing in the perioperative areas, including productivity calculations and possible reasons for not meeting targets, understanding of organizational measurements for financial success and how the perioperative leader impacts these measurements, a deeper understanding of revenue and expense variances, operational budgets, capital equipment justifications, and how to develop a return of investment break even analysis.

Learning Objectives:

• Calculate FTE need, including staffing mix and benefit time.
• Calculate productivity metrics and ways to meet productivity targets.
• List and demonstrate the process for justification of capital equipment.
• Articulate three methods to budget for supplies and when to use each.
• Demonstrate ability to develop a return on investment for new services or products.